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MILN is a ~$220 million fund tracking the Indxx Millennials Thematic Index.
MILN has delivered sterling returns since inception.
The ETF has a large exposure to the growth factor, which I believe to be the main reason for its strong returns in the past.
Investors who are considering investing in the current version of MILN should clearly understand that behind the facade of seemingly lucrative strategy lie dangerously overpriced names.
Acknowledging that MILN's returns were markedly strong in the past, I believe the ETF is a Hold.